A Bet on Miami Signals Luxury Retail’s Urban Shift – Investors Turn Focus to Outside the Mall Environment
October 28th, 2014
By ARIAN CAMPO-FLORES and ROBBIE WHELAN MIAMI— General Growth Properties Inc. and Ashkenazy Acquisition Corp. are paying $280 million for a 20% stake in the company that owns much of this city’s Design District, betting on the emerging luxury-retail neighborhood as some 50 brands prepare to open new stores. The deal with Miami Design District Associates, announced Tuesday, […]